1/5/2020 Stocks mostly unchanged this week. I think it might just pull back starting next week.

Happy 2020!

Below is the weekly chart of QQQ. I still think the index will retest the 190-195 zone before moving higher. The reason why I think we will move higher after dropping is that once indexes drop after explosive moves up, they generally continue to move higher after the pull back instead of beginning a new trend. 

QQQ Weekly 1_5_2020.JPG

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